With a strategy similar to HVP III, Hatteras Venture Partners IV (HVP IV) was launched in August 2011 with a first close of $74 million. Upon final close on January 7, 2013, HVP IV reached $125 million in investable capital. With HVP IV, Hatteras has formally launched Hatteras Discovery, an allocation of the fund focused on seed-stage companies and projects in the field of human medicine and life sciences.
Sideris Pharmaceuticals is developing a best-in-class iron chelator for patients suffering from iron overload, a condition that can occur due to frequent blood transfusions. Beta Thalassemia and Myelodysplastic syndrome are two examples of diseases that require transfusions. In preclinical studies, Sideris’ compound was highly efficient at iron removal, demonstrated excellent oral bioavailability, and appeared to be significantly less toxic over the current market leader. Clinical studies are slated to begin in 2014. With technology from the University of Florida, the Company is based in Gainesville, FL.
Curoverse is developing an open-source platform to manage “big” genomic data. The Company is focused on increasing productivity and lowering costs for storing, organizing, analyzing and sharing the multitudes of new data created by next generation sequencing. Based in Boston, Curoverse was founded out of George Church’s lab at Harvard, and borne out of data infrastructure needs of Church’s Personal Genome Project.
NeuroTronik is a medical technology company focused on the select stimulation of target nerves to deliver exceptional patient outcomes and positive healthcare economics. The NeuroTronik approach is targeted initially at Acute Heart Failure Syndrome, a leading reason for older-adult hospitalizations.
G1 Therapeutics, Inc.
G1 Therapeutics, Inc. is a privately held pharmaceutical company based in Chapel Hill, NC, that focuses on the discovery and development of novel small molecules for use in cancer therapy and biodefense applications. These molecules are being developed for targeting specific proteins associated with cell proliferation and growth. Such therapies may be useful to protect the bone marrow and other organs, including the kidney and lung from toxic insult.
Coferon, Inc. is a privately owned company that was founded in 2009 to reduce to practice the concept of self-assembling “coferons” pioneered by the Company’s three academic founders — Dr. Francis Barany and Dr. Maneesh Pingle at Weill-Cornell Medical College, and Dr. Don Bergstrom at Purdue University. The Coferon approach utilizes proprietary bioorthogonal linker chemistry to deliver small molecules in component parts that are designed to self assemble on the target inside the cell — creating therapeutic molecules with enhanced size, potency and selectivity. The Company is currently conducting research and development programs in the areas of epigenetic regulation (with an initial focus on the BRD family) and anti-infectives. The Company is based at the Long Island High Tech Incubator on the campus of Stony Brook University in Stony Brook, New York.
Clinverse is a global technology company that delivers highly secure, cloud-based financial management and payment solutions for the clinical trials industry. Headquartered in Raleigh, NC, the company delivers solutions through the only collaborative eclinical ecommerce network now in use by leading biopharma and other customers. ClinPay™, the company’s flagship accounting cloud-based software, automates the financial management of trials-allowing sponsors, CROs and investigators to focus on clinical operations. Its patent-pending, proprietary technology is fully customizable and supports payments in 140 currencies.
Clearside Biomedical is an ophthalmic company specializing in the research, development and commercialization of therapeutic products through a proprietary ocular microinjection platform that targets the individual compartments of the eye. Currently, Clearside Biomedical is focused on its initial product candidate, CLS1001, under development for retinal applications through the delivery of proven therapeutics to the suprachoroidal space. Clearside Biomedical was founded by an executive team with extensive development and revenue growth expertise, focused on improving the delivery of therapeutic agents to improve standard of care for patients with sight threatening disease.
Device Innovation Group
Device Innovation Group (“DIG”) was founded in 2011 as the result of a partnership between medical device company MDI Partners and two venture capital firms, TriStar Technology Fund and Limestone Fund. The company’s mission is to develop early stage medical devices that fulfill unmet clinical needs and underserved markets that are often overlooked by larger investment firms. DIG will incorporate a “fail fast” philosophy and a strategy of rapid advancement, welcoming new innovation from various sources including universities, hospitals and entrepreneurs.